Job Preference:
Qualifications & Experience
• Education: CA or CMA preferred; alternatively, MBA Finance, M.Com, or equivalent professional qualification.
• Experience: Approximately 10–15 years of relevant experience in finance and accounts, preferably including 3–5 years in a senior leadership role.
• Experience in real estate, construction, property management, facility management, hospitality, or diversified business groups is strongly preferred.
• Strong understanding of Indian accounting practices, taxation, statutory compliance, audit, budgeting, and financial controls.
• Hands-on experience with ERP/accounting software, advanced Excel, financial modelling, and MIS dashboards.
• Demonstrated ability to manage multiple business units, teams, audits, and compliance calendars.
Key Competencies
• Strong financial and analytical acumen.
• Comprehensive knowledge of accounting and statutory compliance.
• Project costing, budgeting, cash flow, and working capital management.
• Leadership, team management, and cross-functional coordination.
• High integrity, attention to detail, and accountability.
• Effective communication and presentation skills.
• Ability to work under tight reporting deadlines and manage multiple priorities.
Key Performance Indicators (KPIs)
• Timely monthly, quarterly, and annual financial closures.
• Accuracy and timeliness of financial statements and management MIS.
• 100% timely filing and payment of applicable statutory dues.
• Timely completion of statutory and internal audits.
• Reduction in overdue receivables, accounting errors, and unreconciled balances.
• Adherence to approved budgets and control over operating expenditure.
• Accuracy of project-wise costing and profitability reporting.
• Improvement in cash flow forecasting and working capital management.
• Strengthening of internal controls and ERP-based financial processes.
Role Objective
To establish a robust, compliant, and performance-driven finance function across the Group, ensuring financial transparency, regulatory compliance, effective cost control, and timely decision-support reporting to the CFO.
Qualification:
ICWA/CMAJob Description:
1. Position Overview
We are seeking an experienced and commercially oriented Head – Finance & Accounts to lead the finance and accounting functions across the Group's real estate, facility management, hospitality, and allied business operations. The position will report directly to the CFO and be responsible for financial reporting, accounting controls, statutory compliance, taxation, budgeting, cash flow management, project accounting, and financial governance.
The ideal candidate should possess strong knowledge of real estate accounting, construction and project costing, hospitality accounting, facility management operations, and applicable statutory and regulatory compliances, with the ability to ensure accurate financial reporting, cost optimization, and effective internal controls across multiple business units.
Skills:
Key Responsibilities/KRAs-
A. Financial Accounting & Reporting
• Oversee day-to-day accounting, general ledger, accounts payable and receivable, bank reconciliation, journal entries, and month-end/year-end closing.
• Ensure accurate and timely preparation of Balance Sheet, Profit & Loss Account, Cash Flow Statement, MIS, and management reports.
• Establish accounting policies, internal controls, SOPs, and financial reporting standards across all business verticals.
• Review trial balances, schedules, reconciliations, provisions, accruals, fixed assets, and intercompany transactions.
• Ensure compliance with applicable Accounting Standards and Indian Accounting Standards (Ind AS), wherever applicable.
B. Real Estate & Project Accounting
• Manage project-wise accounting for residential, commercial, retail, and mixed-use real estate developments.
• Monitor project budgets, construction costs, contractor bills, work orders, retention money, advances, and capital work-in-progress.
• Review project profitability, cost overruns, budget variances, and cost-to-complete estimates.
• Ensure appropriate accounting for land acquisition, development expenditure, inventory, revenue recognition, customer advances, and project-related liabilities.
• Coordinate with project teams, engineering, procurement, legal, and sales teams for financial control and project reporting.
• Maintain project-wise profitability statements, cash flow forecasts, and financial performance dashboards.
C. Facility Management Accounting
• Oversee accounting for facility management services, including maintenance contracts, housekeeping, security, technical services, utilities, and manpower deployment.
• Review client billing, service charges, CAM (Common Area Maintenance) recoveries, vendor invoices, contract profitability, and outstanding receivables.
• Monitor operating expenditure, manpower costs, utility consumption, maintenance budgets, and vendor payment schedules.
• Ensure proper accounting and reconciliation of client collections, deposits, and recoverable expenses.
D. Hospitality & Hotel Accounting
• Supervise accounting for hotels, serviced apartments, guest houses, food and beverage operations, banquets, and other hospitality services, as applicable.
• Review revenue from rooms, food and beverages, events, and ancillary services.
• Monitor daily revenue reports, occupancy-related financial metrics, operating costs, inventory consumption, and departmental profitability.
• Ensure reconciliation of front-office transactions, POS systems, online travel agency settlements, cash collections, card payments, and bank receipts.
• Establish controls over food cost, wastage, stores, inventory, petty cash, and hospitality vendor payments.
E. Statutory Compliance & Taxation
• Ensure timely and accurate compliance with applicable GST, TDS/TCS, Income Tax, advance tax, tax audit, and other direct and indirect tax requirements.
• Oversee GST returns, reconciliations, input tax credit reviews, e-invoicing and e-way bill requirements, wherever applicable.
• Coordinate statutory audits, internal audits, tax audits, financial audits, and departmental assessments.
• Ensure compliance with applicable Companies Act provisions, ROC filing requirements, and other corporate financial regulations in coordination with the Company Secretary and legal team.
• Maintain statutory registers, supporting documentation, tax records, and audit trails.
• Monitor applicable labour-related financial compliances, including EPF, ESIC, professional tax, labour welfare fund, and contractor compliance, in coordination with HR and payroll teams.
F. Budgeting, MIS & Financial Planning
• Prepare annual budgets, departmental budgets, project budgets, and rolling forecasts.
• Develop monthly MIS covering revenue, expenditure, profitability, working capital, receivables, payables, and cash flow.
• Present financial performance, budget variances, risk areas, and corrective action plans to the CFO.
• Develop dashboards and key performance indicators for real estate, facilities, and hospitality operations.
• Identify opportunities for cost reduction, process improvement, and enhanced operational profitability.
G. Treasury, Cash Flow & Working Capital
• Monitor daily cash positions, fund requirements, cash flow forecasts, and liquidity.
• Manage working capital, collections, vendor payments, security deposits, and advances.
• Coordinate with banks and financial institutions regarding loans, interest calculations, bank guarantees, letters of credit, and loan covenant reporting, as applicable.
• Monitor project funding requirements, debt servicing, and interest costs.
• Ensure appropriate authorization and control over payments and fund transfers.
H. Internal Controls, Audit & Risk Management
• Design and implement robust financial controls, delegation of authority, and approval mechanisms.
• Identify financial, operational, tax, and compliance risks and recommend preventive measures.
• Coordinate with internal and external auditors and ensure timely closure of audit observations.
• Prevent revenue leakage, duplicate payments, unauthorized expenditure, and accounting irregularities.
• Ensure proper documentation and compliance with company policies across all operating units.
I. Team Management & Business Coordination
• Lead and supervise the accounts and finance team across business units and locations.
• Establish performance standards, review work quality, and ensure timely completion of accounting and compliance activities.
• Coordinate with the CFO, project management, procurement, sales, operations, HR, legal, and external consultants.
• Support business decisions through financial analysis, feasibility studies, investment appraisals, and profitability assessments.
• Drive automation of accounting, MIS, budgeting, and reporting through ERP and financial systems.